Chart of the Day - Friday, March 7, 2025

🏆 Today's Chart of the Day was shared by Steve Strazza (@sstrazza). 
 

• The S&P 500 ($SPY) dropped -3.1% this week, marking the worst week for US stocks since September. However, international stocks broadly outperformed by a wide margin. 
   
• Steve points out several international ETFs had their best week ever versus the S&P 500, including the MSCI EAFE ($EFA), Euro Stoxx 50 ($FEZ), All World Ex-US ($VEU), Germany ($EWG), and France ($EWQ). 
   
• The chart shows MSCI EAFE vs. the S&P 500 ($EFA/$SPY) since 2001. The ratio is still trending lower, but large swings or momentum thrusts often occur at major turning points.
   

The Takeaway: Several international ETFs had a record-breaking week versus the S&P 500. While many international ratios continue to favor US Stocks, this momentum thrust indicates a potential trend reversal is brewing. For more on this topic, read the full post here.